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Brightway Chairman Miller Announces Changes to Top Leadership Positions
News – Insurance Journal Aug 21, 2017 | 12:57 pmBrightway Insurance Co-Founder and Chairman David Miller has announced he will transition to executive chairman and Michael Miller, formerly vice chairman and co-founder, will take over as chairman of the Florida-based company. David Miller announced the change in the company’s[…]
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Seeman Holtz Acquires Agency Acquisitions LLC in Texas
News – Insurance Journal Aug 21, 2017 | 12:50 pmSeeman Holtz Property & Casualty Inc. has acquired Agency Acquisitions LLC, headquartered in Arlington, Texas. Agency Acquisitions specializes in trucking insurance. Seeman Holtz said the acquisition will add a niche service to its portfolio and broaden its client reach throughout[…]
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Judge Divides $100K Insurance Payout to Victims of 2015 Oklahoma Parade Crash
News – Insurance Journal Aug 21, 2017 | 12:28 pmA Payne County judge has distributed $100,000 in insurance money to victims of a 2015 homecoming parade crash at Oklahoma State University that killed four people and injured dozens more. Associate District Judge Stephen Kistler was tasked with deciding how[…]
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As Congress Eyes Flood Insurance Renewal, Private Markets Get Ready
News – Insurance Journal Aug 21, 2017 | 12:20 pmUnleashing the invisible hand that has been missing from the flood insurance market for nearly 50 years is no easy task. But private flood insurance experts say the change would be a good thing not only for private flood insurers[…]
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2 Nebraska Contractors Routinely Sue Insurers for Not Paying Storm Damage
News – Insurance Journal Aug 21, 2017 | 12:18 pmTwo Omaha contractors are expanding a legal strategy they say forces insurance companies to pay for storm damage, but industry officials say the practice leads to exaggerated claims and may drive away insurers. Home repair contractors Steve Shannon and James[…]
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Trial Over Bias Claim Against Kansas Secretary of State Kobach’s Office Begins
News – Insurance Journal Aug 21, 2017 | 12:13 pmA former employee in Kansas Secretary of State Kris Kobach’s office alleges in a lawsuit headed to trial on Aug. 21 that she was fired because she didn’t go to church enough. Kobach — who until the middle of 2016[…]
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Time to Submit Louisiana Flood Insurance Form Winding Down
News – Insurance Journal Aug 21, 2017 | 12:08 pmLouisiana residents who had damage from last summer’s widespread flooding have two weeks to submit the proof of loss form required for a flood insurance claim. FEMA says more than 29,600 claims have been filed with the National Flood Insurance[…]
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Michigan WWII Bomber Site Gears Up for Driverless Demos in December
News – Insurance Journal Aug 21, 2017 | 12:07 pmSelf-driving cars will begin taking test laps this December on the site of a famous World War II airplane factory in Michigan where Rosie the Riveter helped produce a shiny B-24 Liberator bomber every hour more than seven decades ago.[…]
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DOXA Insurance Holdings Names Wall as Chief Financial Officer
News – Insurance Journal Aug 21, 2017 | 12:05 pmDOXA Insurance Holdings LLC, a Midwest-based private equity investment firm acquiring medium to small managing general agencies (MGAs), has appointed Kevin Wall as the company’s new chief financial officer (CFO). A CPA, Wall’s prior experience includes serving as finance director[…]
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Evacuations Ordered for Hundreds of Residents in California, Oregon
News – Insurance Journal Aug 21, 2017 | 11:08 amEvacuation orders affecting hundreds of people were issued in California and Oregon as wildfires neared small towns, including one that’s a prime location for viewing the eclipse. About 600 residents were told to leave the tourist town of Sisters, Oregon,[…]
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USGS Confirms Small Quake Hit Hawaii’s East Coast
News – Insurance Journal Aug 21, 2017 | 11:06 amA magnitude 4.1 earthquake hit off the coast of the Big Island of Hawaii, the U.S. Geological Survey’s Hawaii Volcano Observatory confirmed. The USGS reported that the earthquake struck at 8:35 p.m. Friday about 66 miles northeast of the town[…]
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Driving Distraction, Eye Safety Concerns Cast Shadow on Eclipse Excitement
News – Insurance Journal Aug 21, 2017 | 10:23 amSold out hotels, viewing parties and special media coverage will culminate today, when a total solar eclipse will be visible across the entire U.S. But along with the excitement comes safety concerns, according to various government agencies. The Federal Highway[…]
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Woman Files Federal Lawsuit Over Delaware Pumpkin-Flinging Accident
News – Insurance Journal Aug 21, 2017 | 09:35 amA woman who was critically injured when an air cannon exploded during a Delaware pumpkin-launching competition has filed a federal lawsuit against event organizers and participants, state officials and Discovery Communications. Suzanne Dakessian claims in Wednesday’s lawsuit that she was[…]
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Two Plead Guilty to $25M New Jersey Prescription Drug Scheme
News – Insurance Journal Aug 21, 2017 | 09:31 amTwo men have pleaded guilty to defrauding New Jersey and health insurers out of $25 million by submitting claims for unneeded prescriptions. Matthew Tedesco and Robert Bessey pleaded guilty on Thursday to conspiracy to commit health care fraud. Authorities say[…]
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Verisk to Acquire London-Based Complex Data Software Firm Sequel
News – Insurance Journal Aug 21, 2017 | 09:14 amU.S.-based data analytics firm Verisk Analytics Inc. has agreed to acquire London-based insurance and software specialist Sequel from private equity firm HgCapital and other Sequel shareholders. Sequel specializes in software that “creates instant, intuitive understanding of the most complex data,”[…]
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New Jersey’s Menendez, Pallone Tout Flood Insurance Reform Legislation
News – Insurance Journal Aug 21, 2017 | 09:02 amFive years after Superstorm Sandy devastated towns along the New Jersey shore, Sen. Bob Menendez and Rep. Frank Pallone want changes made to federal flood insurance they said will fix a system that often failed beleaguered homeowners. Speaking Thursday on[…]
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JLT Re Taps Bardon as Bermuda Partner, Working with Industry Loss Warranty Team
News – Insurance Journal Aug 21, 2017 | 07:25 amJLT Re, the London-based reinsurance broker and consultancy, has appointed Nicolas Bardon as a partner in JLT Re’s Bermuda operation reporting to Guy Hengesbaugh. Bardon will work closely with Gary Reynolds and others on the industry loss warranty team in[…]
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Indian IPOs Headed for Record Year as Insurers Seek to Raise Funds
News – Insurance Journal Aug 21, 2017 | 07:16 amIndian initial public offerings are headed for a record year, as a rush of insurers seek to ride a rally in the local market and tap increasing investor demand for financial assets. At least four Indian insurers are aiming to[…]
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Third Jury Sides with J&J, Bayer Over Xarelto Drug Liability Claims
News – Insurance Journal Aug 21, 2017 | 07:00 amA federal jury has cleared Bayer AG and Johnson & Johnson of liability in the third case to go to trial out of thousands of lawsuits claiming the drugmakers’ blood thinner Xarelto led to severe internal bleeding. The verdict in[…]
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QBE H1 Profits Rise 73% on Australia/N. Zealand Rate Hikes, N. America Growth
News – Insurance Journal Aug 21, 2017 | 06:42 amQBE reported a healthy profit hike during first quarter of 2017, despite heightened claims activity in its Emerging Markets’ division, which reported a combined ratio of 110.8 percent. This poor performance has led to the creation of two separate divisions[…]
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